Silvon Software

APRIL 18, 2023

While clearly important in today’s constantly changing business environment, so many companies continue to struggle with how to measure and improve their performance – grappling with questions like: Which metrics really matter? Can we get the right resources needed to collect data for analysis before it’s too old?

Inventory Reduction 63

Inventory Reduction Sourcing Strategies Resource Reduction Material Savings 63

Supply Chain Movement

SEPTEMBER 26, 2016

Global P2P departments are still on the journey towards true touchless end-to-end purchase-to-pay function. There are still obstacles on the way including internal buy-in, poor master data management, supplier behaviour and more. Get experience on Lean and Six Sigma in indirect procurement.

Six Sigma 60

Six Sigma Conference Procurement Analytics Case Study 60

Silvon Software

APRIL 18, 2024

Critical to guiding them through today’s fluctuating markets is the accuracy and actionable intelligence derived from data. Insights gleaned from robust data analytics enable core business areas to identify opportunities for risk reduction, enhance operational efficiencies, and foster strategic initiatives that drive business growth.

Manufacturing Procurement 58

Manufacturing Procurement Procurement Analytics Analytics Software Predictive Analytics 58

QAD

APRIL 27, 2023

Earlier this year, QAD hosted a live webinar to explore and analyze the trends that are likely to dominate the procurement world over the coming months. It’s no secret that procurement teams have an amplified role within their businesses and that many are left with questions — our goal was to offer answers.

Manufacturing Procurement 97

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 97

Supply Chain Shaman

NOVEMBER 27, 2016

EDI is too cumbersome, and SAP Ariba’s focus, despite the marketing hype, is primarily on managing indirect spending. (My The SAP acquisition of Ariba slowed innovation and the purchase, and then the failed promise of investment in Crossgate was disappointing to SAP supply chain business users. The future is autonomous planning.

Supply Chain Design Software 150

Supply Chain Design Software Supply Chain Planning Software Trends Prescriptive Analytics Software 150

ThroughPut

MARCH 25, 2024

This practice has evolved significantly from its historical roots, largely a game of educated guesses, to today’s data-driven approach that harnesses the power of advanced analytics. Demand forecasting predicts future customer demand using historical data and market analysis.

Forecasting 52

Forecasting Forecasting Software Modeling Demand Planning Software 52

Xeeva

FEBRUARY 13, 2018

In Gartner’s recent annual report, they discuss their predictions as to what will have a great impact on procurement and sourcing technology in the coming year and how the market will change over time. Why are these at the forefront of procurement and sourcing? Click To Tweet. ” Click To Tweet.

Predictive Analytics Software 40

Predictive Analytics Software Optimal Sourcing Procurement Solutions Procurement Analytics 40

ThroughPut

DECEMBER 4, 2022

A report by Acosta, a US-based sales and marketing agency, on grocery store trends for 2021 indicates that 46% of people now use online delivery more than they did before the pandemic. Data-driven forecasting builds accurate information pipelines based on patterns of purchase and forecasts of global trends.

Inventory Reduction 52

Inventory Reduction Resource Reduction Cost Reduction Strategies Sourcing Strategies 52

Logility

FEBRUARY 20, 2012

The report provides a cautionary, optimistic view of the coming months saying, “Many unsettled issues are still outstanding […]. ” While the economic climate may be uncertain, many companies realize they have to invest in areas such as supply chain management software to be competitive and profitably grow.

Optimal Sourcing 100

Optimal Sourcing Material Savings Inventory Reduction Expense Reduction 100

HICX Solutions

JANUARY 17, 2019

Not surprisingly, high quality, structured data with solid governance for prescriptive and predictive procurement operations is fundamental. Number one is don’t give away governance and technology decisions of purchase to pay (P2P) systems to other functions, such as finance.

Supply Chain Design Software 40

Supply Chain Design Software Predictive Analytics Software Procurement Analytics Procurement Solutions 40

Supply Chain Game Changer

JANUARY 5, 2021

Featuring Our 12 Best Procurement Articles! Purchase Price Variance, or PPV, is a common term in the realm of Purchasing/Procurement and Finance. For some, PPV is a mechanical metric only, measured and reported on but without any further attention paid to it. What is Purchase Price Variance (PPV)?

Pricing Training 82

Pricing Training Purchasing Skills Purchasing Training Negotiating Skills 82

HICX Solutions

SEPTEMBER 23, 2020

It adds, “While most people who deal in data every day know that bad data is costly, this figure stuns.”. Other studies have shown that knowledge workers can spend up to 50% of their time trying to locate data, identifying errors in data or seeking confirmatory sources of data to support information that they do not trust.

Cost Reduction Strategies 52

Cost Reduction Strategies Purchasing Skills Data Eliminating Excel in Purchasing 52

Silvon Software

SEPTEMBER 28, 2023

Silvon has noticed over the past several years that a shift towards a modern data hub architecture to support enterprise analytics and reporting has been driven by a number of key business drivers. Once integrated, the data is made “analytics ready” and securely available to users.

Procurement Analytics 94

Procurement Analytics Report Data Optimal Sourcing 94

Precoro

FEBRUARY 27, 2023

Where should you start when you want to create budgets, cut costs, or forecast future spending? After all, a clear picture of the company's procurement process is necessary to develop a sustainable future strategy and to avoid pitfalls that hold your business back. The answer is simple: spend analysis.

Analysis 52

Analysis Purchasing Skills Optimal Sourcing Procurement Analytics 52

HICX Solutions

SEPTEMBER 23, 2020

It adds, “While most people who deal in data every day know that bad data is costly, this figure stuns.”. Other studies have shown that knowledge workers can spend up to 50% of their time trying to locate data, identifying errors in data or seeking confirmatory sources of data to support information that they do not trust.

Cost Reduction Strategies 52

Cost Reduction Strategies Purchasing Skills Data Eliminating Excel in Purchasing 52

NC State SCRC

DECEMBER 9, 2015

After highlighting some of the results from the IBM study I worked on this past fall on procurement analytics, I introduced Rich Hughes, former Chief Procurement Officer from Procter & Gamble. During this period, spend under management was 50% at best, and there was significant fragmentation in the supply base.

Procurement Analytics 40

Procurement Analytics Optimal Sourcing Manufacturing Procurement Analytics Software 40

SYSPRO Smarter ERP

DECEMBER 11, 2023

Many renewable energy organizations are missing out on the benefits of ERP software that would allow them to tackle the challenges of data management, improve process efficiency across the organization, and manage projects more effectively. It can track, manage and report the book value and depreciation of fixed assets.

Sourcing Strategies 52

Sourcing Strategies Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software 52

HICX Solutions

JULY 20, 2023

Following the most recent IPCC report , organizations face intensifying pressures to manage and track their carbon emissions throughout their supply chains to reduce their environmental impact. Without a clear understanding of what is required, these tasks can be arduous due to the increased time dedicated to undertaking the reporting.

Manufacturing Procurement 40

Manufacturing Procurement Supply Chain Software Supply Chain Procurement Analytics 40

ivalua

SEPTEMBER 24, 2020

All too often, Invoice-to-Pay is seen as an isolated process, sitting on its own at the end of a procurement journey. Therefore, by using the supplier’s desire for payment, and good quality data, top performing organizations can achieve high levels of straight-through-processing and automation. . How does Invoice to Pay Work?

Optimal Sourcing 100

Optimal Sourcing Procurement Solutions Procurement Analytics Supply Chain Software 100

o9 Solutions

NOVEMBER 10, 2022

However, collecting, managing, and following up on large volumes of ESG data can be difficult and time-consuming, and global, multi-tier supply chains are complex. This blog outlines the challenges of ESG data management and how digitalization can help streamline the process. Challenges of ESG data management.

Supply Chain Planning Software 52

Supply Chain Planning Software Data Optimal Sourcing Procurement Analytics 52

Logility

AUGUST 12, 2021

Most companies understand that accurate forecasts are a critical part of minimizing inventory, maximizing production efficiency, streamlining purchasing, optimizing distribution, minimizing waste, and projecting future performance confidently. Advanced Inventory Management. Preparing for Market-Driven Demand.

Manufacturing Procurement 130

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Scenario Planning 130

HICX Solutions

MAY 30, 2019

Bryan Nella, an executive at multinational enterprise software organisation Infor , talks about some of the practical advantages that can be enjoyed in the world of digital procurement once supplier data is accurate. There are also many financial reasons to shift to supplier information management systems.

Procurement Analytics 40

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Analytics Software 40

Unleashed

JUNE 23, 2021

Inventory analytics goes mainstream. And in terms of inventory management the cloud is key to: Tracking inventory location and levels in real time, even for remote warehouses. Accurately plotting costs based on live data. Managing supplier and other vendor relationships in one place. Inventory Analytics.

Inventory Management Software 80

Inventory Management Software Inventory Reduction Inventory Management Supply Chain Planning Software 80

6 River Systems

JUNE 29, 2020

Senior management should set the tone, announcing that anticorruption efforts remain a priority, and ensure the message reaches all employees and partners by mandating training, reinforcing the code of conduct, and reiterating that now is not the time to circumvent the rules — even if doing so would temporarily speed up business processes.

Supply Chain Planning Software 116

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Modeling 116

OptiProERP

JUNE 17, 2019

From procurement to shipment, every process of supply chain planning becomes streamlined by improving inventory visibility. . Inventory visibility is also about swift monitoring of orders by constantly managing the supply chain to meet promised deadlines. Reporting functions yield accurate insights and data is updated in real-time.

Real-time Visibility 66

Real-time Visibility Inventory Reduction Optimal Sourcing Supply Chain Planning Software 66

Supply Chain Shaman

SEPTEMBER 13, 2016

The change in front of us will transform the base-level definitions of source, make and deliver. As a result, to fulfill customer-centric and demand-driven strategies, companies need to build outside-in processes using market and channel data to sense, shape and drive a more intelligent response. Tradition is deeply rooted.

Supply Chain Planning Software 195

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Prescriptive Analytics Software 195

ThroughPut

SEPTEMBER 16, 2021

A report by Acosta, a US-based sales and marketing agency, on grocery store trends for 2021 indicates that 46% of people now use online delivery more than they did before the pandemic. . Competing With Online Delivery Services: A report by McKinsey noted an average of 15-30% growth in online sales across all supermarket categories.

Forecasting 52

Forecasting Modeling Forecasting Software Demand Planning Software 52

HICX Solutions

NOVEMBER 11, 2020

World Procurement Congress 2020. Last week saw the conclusion of World Procurement Congress 2020 , which was rounded off on the final day with a discussion on supplier experience management. Digital Procurement Strategy & Vision. From a success metrics point of view, one important measurement is engagement.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Optimal Sourcing Procurement 52

Supply Chain Shaman

APRIL 26, 2022

My imagination goes wild when I see new forms of analytics. Recently, I presented at the Informs Analytics Conference in Houston and challenged companies to “ think out of the box” and define outside-in processes in Supply Chain Planning. Before the session, I sat by a young data scientist. Tackling Procurement.

Manufacturing Procurement 217

Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software Procurement Analytics 217

HICX Solutions

JULY 22, 2020

Meanwhile, business units, such as Procurement, have been deploying solutions that facilitate transactions. The situation can cause friction between IT and business units and has led to poor outcomes, such as data that cannot be used to evaluate wider business questions or decisions. The same applies for supplier data.

Optimization Software 40

Optimization Software Optimal Sourcing Analytics Software Procurement Solutions 40

Arena Solutions

JULY 8, 2021

The product team ensures that off-the-shelf (OTS) parts can be adequately sourced and that manufacturers can build custom parts as needed. These standards focused on management, quality, and interoperability and were one of the key drivers for PLM. What Is the Difference Between PLM and Product Data Management (PDM)?

Supply Chain Design Software 57

Supply Chain Design Software Supply Chain Planning Software Demand Planning Software Modeling Software 57